$714,900

For sale

2956 Lakeside Drive, Severn (West Shore) - Single Family for Sale

2956 Lakeside Drive, Severn (West Shore), Ontario, L3V0V9

3 beds2 baths3 parking1,300 ft²50 × 150 ft (7,545 sq ft) lot sizeListed 27 days ago

Overview

This 3-bedroom, 2-bathroom home in Severn is for sale offering roughly 1,300 sq ft of space. Listed at $714,900, it is attractively priced about 16% below the $849,000 median asking price in Severn. It has been on the market 27 days, fresher than the Severn average of 78 days.

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Description

Bright, open and filled with natural light, this Cumberland Beach home makes an impression the moment you step inside. Built in 2009, the impressive main living area features a soaring vaulted ceiling and dramatic floor-to-ceiling windows that give the home a distinctive look and feel. The open-concept layout brings together the spacious kitchen, dining and living areas, with a large center island providing plenty of room for everyday meals and entertaining. Hardwood flooring and a natural gas fireplace add warmth to the living room, while convenient main floor laundry adds to the home's practical layout. Outside, the 50' x 150' lot provides plenty of space to enjoy, while water access to Lake Couchiching is just a short distance away. Add in quick Highway 11 access and a great location just north of Orillia, and this is a home that combines space, natural light and convenience in the popular Cumberland Beach community. (id:66096)

Property Details

MLS®: S13874996
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Parking: 3
Interior Size: 1,300 ft²
Lot Size: 50 × 150 ft (7,545 sq ft)
Frontage: 50 ft
Storeys: 2
Basement: Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Fireplace: Yes
Ownership: Freehold
Property Tax: $2,768/yr
Listed

Rooms

Main level

Kitchen: 3.28 x 3.07 meters
Living room: 6.43 x 3.4 meters
Bedroom: 3.68 x 2.95 meters
Laundry room: 2.79 x 1.65 meters

Second level

Bedroom: 3.81 x 2.97 meters
Bedroom: 3.51 x 3.18 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings
Foundation: Concrete
Exterior: Vinyl siding

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

27d

Severn (West Shore) listings, avg age

78d

Price / ft²

$550

List price

$715K

Homes here sell below asking price

Homes in this market sold for an average of 94.5 percent of their asking price over the past year, below the 96.4 percent median across the markets we publish.

Haho

This 3-bed single family in Severn (West Shore) has been listed for 27 days, which is 51 days fresher than the city average of 78. Act while there is still low competition.

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Listed by Royal LePage Quest · DAN PARNELL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3V)

This home lists at $714,900, about 9.2× the local median household income of $77,500.

Carrying it typically needs a household income of about $139,645 (20% down, 25-yr amortization, stress-tested) — roughly 80% above the area median.

Median household income: $77,500
Population: 48,651
Median age: 47.6
Owner / renter: 70% / 30%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA L3V)

$714,900· $550/ft²

For sale

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Full Cost Breakdown

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Down Payment6.50% · $46,490

Min 6.50%50%

Mortgage payment$3,706/mo

↳ CMHC premium ($26,736 capitalized)

Property tax (est.)$231/mo

Total monthly$3,936

Cash Needed to Close

Down payment (6.50%)$46,490

Land transfer tax$10,773

Est. closing costs$4,645

Total cash needed$61,908

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